Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: VAT Audit :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: due date for vat payment :: form 3cd
 
 
Service Tax »
  Changes In Central Goods And Services Tax Rules, 2017
 GST return filing to be a breeze for small businesses
 Changes In Central Goods And Services Tax Rules, 2017
 Simple tax made complex
 Govt may review monthly GST return filing process
 Central Goods and Services Tax (Eleventh Amendment) Rules, 2017
 Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 120A of the Central Goods and Service Tax Rules, 2017
 Composition Scheme - the Central Goods and Services Tax (Removal of Difficulties) Order, 2017
 Govt asks taxpayers to file GST return for July by Tuesday
 FAQ On Government Services Under GST
 Income Tax Appellate Tribunal, Visakhapatnam Bench List Of Division Bench Cases Posted Before During The Period From 03rd Octombar To 13th October , 2017.

No service tax from CAG, says CBEC; reverses earlier stand
June, 28th 2012

In a U-turn, the Central Excise has reversed its stand on levying service tax on the Comptroller and Auditor General (CAG) saying it does not come under the business support service ambit.

The new circular issued by the Tax Research Unit (TRU) of CBEC on June 19 says, "CAG would not be covered by the service head Business Support Service."

The new circular comes just 22 days after the chief commissioner of service tax wrote to all the Commissioners of Central Excise and Service Tax (on May 30), saying "CAG was not discharging its service tax liability all over India against the services provided by them and had defaulted Rs 33 lakh of tax."

Later, another circular was issued on June 6 stating, "no action should be taken till further orders by the Board".

"A doubt has been raised whether service tax is leviable on the audit fees collected by the CAG for conducting directly audit of corporations.

"Reportedly some field formations are inclined to take a view that such 'audit fee' collected by the CAG is leviable to service tax under the authority of the inclusive portion of the definition of 'practising chartered accountant'...", read the recent circular.

The circular added that services of CAG are not as rendered by a chartered accountant even though both may be engaged in auditing.

The scope of work of the CAG goes far beyond that of a statutory company auditor and is often carried out by persons who may not be professional chartered accountants, it states.

"It is evident that this circular has clarified that the new service was meant to capture such services as are ordinarily outsourced by business entities. The audit activity is not an outsourced function but is carried out in statutory fulfilment of duties. Thus the services by CAG would also not be covered by 'Business Support Service'," the June 19th circular said.

The circular issued on May 30 had said enquiry conducted so far has revealed that the office of auditor general (Audit II), Nagpur is conducting audit of accounts of certain Central Public Sector undertakings, statutory corporations, autonomous organisations and collecting fees/charges from them for the same.

"Preliminary enquiry reveals that they have received Rs 3.3 crores (approx) from three organisations in last five years for providing services, but have failed to pay Rs 33 lakh as tax on services provided by them," the letter had said.

Further, the letter had also said it has been noticed that the commercial audit by the AG's office Nagpur is conducted only in a few cases and major activities are being undertaken in metro cities.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Enterprise Resource Planning Solutions ERP Solutions Enterprise Resource Planning Software Solutions ERP Software Solutions Supply Chain Management Solutions SCM Solutions Supply Chain Management Software Solutions SCM Software Solutions Enterprise Resource Planning Solutions India ERP Solutions India Enterprise Resource Planning Software Solutions India ERP Software Solutions India Supply Chain Management Solutions India SCM Solutions India Supply Chain Management Software Solutions India SCM Software Solutions India

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions